Icelandair Group hf.
Notice to convene extr.general meeting
AGM Final Agenda and Proposals
ICELANDAIR GROUP HF. – ANNUAL GENERAL MEETING 11 MARCH 2015
Hilton Reykjavik Nordica at 4.30 pm
The Board of Director’s report on the Company’s operations in the past year shall be presented
Confirmation of annual accounts and decision on the handling of profit or loss of the financial year
Decision on payments to board members
Proposals of the Board of Directors regarding the remuneration policy
Election of the Board of Directors
Election of auditor
Proposed changes to the Articles of Association
Authorization to purchase treasury shares
Any other lawfully submitted business
a. Annual Accounts (Item 2)
The Board of Directors proposes to the Annual General Meeting that the Annual Accounts of the company for 2014 will be approved.
b. Dividends payments (Item 2)
The Board of Directors proposes to the Annual General Meeting that dividend payments in the amount of ISK 2.500 million will be made in ISK to the shareholders, which is ISK 0.50 per share. The record date will be 13 March 2015. Only shareholders registered in the shareholders' registry at closing on the record date are entitled to receive dividend payments. The ex-date, i.e. when trading exclusive of dividends begins, will be 12 March 2015, which is the trading day following the AGM. Payment date of the dividend will be 9 April 2015.
c. Remuneration to Board Members (Item 3)
The Board of Directors proposes to the Annual General Meeting that remuneration to Board Members and Sub-Committee Members shall be the same as last year: Each Board Member will receive ISK 275,000 per month, the Chairman will receive ISK 550,000 per month, the Deputy Chairman will receive 412,500 per month, Sub-Committee Members will receive ISK 100,000, the Chairman of the Audit Committee will receive ISK 225.000 per month and the Chairman of the Compensation Committee will receive 125,000 per month.
d. Remuneration Policy (Item 4)
The Board of Directors proposes to the Annual General Meeting that the following Remuneration Policy, which has not been changed from last year, will be approved.
e. Auditors (Item 6)
The Board of Directors proposes to the Annual General Meeting that KPMG hf. will be the company’s auditors and that Alexander Edvardsson and Audur Osk Thorisdottir will audit the company on behalf of KPMG.
f. Proposed changes to the Articles of Association (item 7)
The Board of Directors proposes to the Annual General Meeting that the following changes will be made immediately to the Articles of Association of the Company:
The sentence “and 1 person for as reserve directors” in Article 5.1 shall be removed and Article 6.6 shall be removed.
g. Purchase of treasury shares (Item 8)
The Board of Directors proposes to the Annual General Meeting that the company will be authorized to purchase up to 10% treasury shares, with reference to Article 55 in Act No. 2/1995, within the next five years. The last spot market rate at the end of the day before the acquisition shall be used as reference or what is stipulated in the Act on Public Limited Companies.